Buy and hold rental property in Baton Rouge?

[Sherman Dunn]

Anyone having massive success on buy and hold real estate near LSU? It looks like since there is new growth on Burbank Dr. condos in the area are losing value, and so is the median rent on 3/2 and 2/2’s. Every analysis that I’ve made so far on each of the analyzed properties is showing low/negative cash flow. I know this area extremely well since I’ve been working here every day for the past several years.

[Garrett Ellison]

I think there’s still a market with condos near LSU. The new development certainly saturated the market, but it’s considered Class “A” and is pretty pricey.

I’ve analyzed a few condos around LSU that cash flowed positive, but not quite as much as I require to pull the trigger. I usually throw out the condos near Brightside and Tigerland, though, as those areas are going to attract the rowdiest of students.